Job Loss by Wage Level: Lessons from the Great Recession in Ireland
Brian Nolan () and
No 201519, Working Papers from Geary Institute, University College Dublin
This paper explores the pattern of job loss in the Great Recession with a particular focus on its incidence by wage level, using data for Ireland. Ireland experienced a particularly pronounced decline in employment with the onset of the recession by international and historical standards, which makes it a valuable case study. Using EU-SILC data, our analysis identifies which employees were most affected. The results show that the probability of staying in employment, from one year to the next, is positively related to monthly wages both during the boom and in the bust. The gradient with wages, however, is much more marked in the bust, and remains significantly so even after controlling for a range of individual characteristics including part-time status, demographics, education, labour market history, industries or occupations.
Keywords: skills; occupations; wages; Great Recession; Ireland; job loss; EU-SILC (search for similar items in EconPapers)
JEL-codes: E24 J23 J24 J62 J63 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-lab and nep-mac
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http://www.ucd.ie/geary/static/publications/workingpapers/gearywp201519.pdf First version, 2015 (application/pdf)
Journal Article: Job loss by wage level: lessons from the Great Recession in Ireland (2016)
Working Paper: Job Loss by Wage Level: Lessons from the Great Recession in Ireland (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:ucd:wpaper:201519
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